2102 Granada DrDothanAL36303
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Dothan at 2102 Granada Dr, Dothan, AL, 36303 priced at $245,900 converts $1,751/mo rent into $363/mo cash flow after a $1,204/mo obligation. Total monthly income equals $1,751/mo, and annual cash flow totals $4,351/yr on $81,516 invested. Return on cash invested prints 25.25% in year one, and rental yield reads 8.54% against a $245,900 entry. Equity gained on principal adds $1,587/yr, while 5% annual appreciation compiles into $67,938 by year five. Five-year ROI reaches 130.76% and total cumulative return in cash sums $106,591. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,751/mo property income covering a $1,204/mo payment, not borrower’s personal income.
Single Family
Built in 1977
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36303, Dothan, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,552 (100%) |
| Owner Occupied HU | 7,778 (50.0%) |
| Renter Occupied HU | 6,073 (39.0%) |
| Vacant Housing Units | 1,701 (10.9%) |
| Median Home Value | $200,499 |
| Average Home Value | $238,145 |
Housing Distribution
Address Breakdown
Residential
14,090
Single Family
12,201
Multi-Family
1,889
Businesses
1,895
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Listed by: Kelli Cundith • Coldwell Banker/Alfred Saliba
Mls Name: SAMLS
Mls ID: #202771
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.